GBOCHF a bounce at the 0.5 Fibonacci 🦐
GBPCHF on the 4h chart after the last strong impulse got rejected by the weekly trendline.
The market retraced at the 0.5 Fibonacci level and bounce over a support structure.
According to Plancton's strategy, if the conditions will be satisfied we can set a nice long ordser.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The market retraced at the 0.5 Fibonacci level and bounce over a support structure.
According to Plancton's strategy, if the conditions will be satisfied we can set a nice long ordser.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment:
the market is moving in the expected direction
Comment:
as expected
Comment:
Perfect run, as expected
Comment:
The market is testing the weekly trendline
Comment:
The market is looking for a retest of the highs
Comment:
new recent highs and retracement
Comment:
the market holds the support area
Comment:
consolidation between 2 structures